Brexit

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The cost of materials and labour for construction have increased more steeply in the UK than the EU since the Brexit referendum, new research has found. Analysis of data from EU member states, the central EU database, Eurostat, and the UK Department for Business, Energy and Industrial Strategy show that between 2015 and 2022 the cost of construction materials including cement, timber and steel increased by 60%. At the same time, the cost of labour in the UK went up by 30%. In the EU, where similar pressures including supply chain and Covid problems applied, the cost of materials went up 35% while labour in countries such as Denmark and the Netherlands went up by just over 14%.

Brexit: UK construction costs ‘have risen much more steeply than EU’ | Brexit | The Guardian

A British bicycle entrepreneur says Brexit has buckled his business and left him with a £100,000 hole in revenues, accusing the government of failing to do enough to mitigate its impact on British small exporters. Cycloc, which has made a name for its distinctive indoor bicycle storage and accessories and includes Stella McCartney, Jonathan Ross and cycling star Mark Cavendish among its customers, says the EU represented 50% of its business before Brexit left it nursing a 25% decline in overall sales. “It is very disappointing. I am a naturally optimistic person, but in a sense it is very difficult to be positive,” said the company’s founder and designer, Andrew Lang, in his studio in east London.

‘Brexit has lost us 25% of sales’: British bike storage firm buckles under red tape | Manufacturing sector | The Guardian